Within the 2018-2023 timeframe, our forecast models predict growth from 5.0% p.a. in a low scenario to 9.4% p.a. in a high scenario. Accordingly, the industry in the Bahrain is expected to achieve revenues of between $46m to $56m by 2023.
The commercial industrial gases market in Bahrain is estimated to have generated revenues of $36m in 2018. This is an increase from $26m in 2008, indicating an average annual growth rate of 4.1% p.a.
Bahrain is an oil-based economy but, for some years now, it has been reducing investment in its petrochemical sector so it can focus on becoming a service led industry (e.g. banking). Over the course of the last decade economic growth in the country has been strong, with an average annual growth rate of 5.3% p.a.
Published: 2020
Report Data: 2019
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